Sale processes across Canada
967 processes in active matters · 12 taking bids · court-supervised sales, as the filings state them
The market, drawn to scaleThe market
Each slice is one stage, drawn to scale — 967 processes in matters still open, in the order a sale travels. Cobalt deepens as a process advances; grey is concluded; the hatch is a process no filing has staged.
What each sale went for is for subscribers — the stated price, beside the purchaser. The stages, the counts and who bought are open to everyone.
By stageMarketed (24)Process approved (101)Bid selected (7)Approval pending (128)Approved (367)Back-up bid (1)Liquidating (35)Closed (232)Did not complete (15)No acceptable bid (13)Terminated (3)Stage not stated (41)
| Case | Stage | What is selling | Purchaser | Price | Advisor | Last activity ▼ |
|---|---|---|---|---|---|---|
| Western Concord ManufacturingBritish Columbia | Closed | Asset salesubstantially all of its assets | Mercury Plastics of Canada Inc. | — | Ernst & Young Orenda Corporate Finance (Canada) Inc. | 3 Oct 2018 |
| Fairview Nursing Home LimitedOntario | Closed | Asset salethe assets described in the Sale Agreement (the "Purchased Assets") | Schlegel Villages Inc. | Sealed | unnamed real estate broker | 10 Sep 2018 |
| Bluberi Group Inc. et alQuebec | Closed | Asset salethe assets and rights pursuant to and identified in the Agreement (the "Redemption Assets") | Primero Games LLC1 of 5 sales · 5 closed | ••• | Ernst & Young Orenda Corporate Finance Inc. | 29 Jun 2018 |
| PressureWorx Inc.Alberta | Closedper the transactions | Asset saleunstated | Smoke'N Vac Services Ltd. | Sealed | — | 26 Jun 2018 |
| Metropolis Properties IncOntario | Closed | Real propertythe Property | —1 of 5 sales · 4 closed | ••• | Avison Young | 25 Apr 2018 |
| M&L General Contracting Ltd. and M&L Holdings LtdManitoba | Closed | Real propertycertain real property of M & L Holdings Ltd. commonly known as 83 Higgins Avenue, Winnipeg, Manitoba (the 'M&L Holdings Property') | Clearwater Investments Inc.1 of 5 sales · 3 closed | Sealed | Colliers+4 more | 17 Jan 2018 |
| 8640025 Canada Inc and Teliphone Data Centers IncBritish Columbia | Closed | Share saleissued and outstanding shares of TNW Networks (the TNW Shares) | United American Corp.1 of 5 sales · 2 closed | ••• | — | 19 Dec 2017 |
| Branch 1-7 of the Polish Alliance of Canada and PolishAssociation of Toronto, LimitedOntario | Closed | Real propertythe property located at 32 Twenty Fourth Street, Toronto, Ontario (the "Property") | —1 of 4 sales · 4 closed | ••• | RE/MAX PROFESSIONALS INC. | 10 Oct 2017 |
| BCBG Max Azria Canada Inc.Quebec | Closed | Asset salethe sale of BCBG Global Holdings inventory, contracts, and certain other assets (the ' Acquired Assets '), including the inventory located in the Partner Shops and the agreement between BCBG Canada and HBC | GBG USA Inc. | ••• | Gordon Brothers Canada ULC+3 more | 20 Sep 2017 |
| Edgemere Estate Limited Partnership and its general partner, Edgemere Estate LimitedOntario | Closed | —the Development Lands | —1 of 7 sales · 5 closed | Sealed | Sotheby's | 6 Sep 2017 |
| Densi CorporationQuebec | Closed | Asset salethe assets listed in Schedule "A" to the Vesting Order | 9098-5128 Québec Inc.1 of 3 sales · 3 closed | Sealed | — | 2 Jun 2017 |
| Homco Realty Fund (98) Limited PartnershipQuebec | Closed | Real propertythe Real Property | Porta Möbel GmbH & Co.1 of 4 sales · 3 closed | ••• | Garigal Asset Management GmbH | 13 Dec 2016 |
| Topsyn Flexible Packaging LtdManitoba | Closed | Asset saleequipment purchased under the equipment purchase agreement (EPA) | —1 of 5 sales · 3 closed | — | Ostir Business Brokers | 8 Dec 2016 |
| Planet Organic Health Corp.Ontario | Closed | Asset salesubstantially all of the assets and business operations and assume substantially all of the liabilities of the Applicants | The Catalyst Capital Group Inc.1 of 2 sales · 2 closed | ••• | Partnership Capital Growth LLC+1 more | 16 Aug 2016 |
| HRH Hotels LtdQuebec | Closed | Asset saleHSBC's debts and security against HRH | 9303-7026 Québec Inc.1 of 3 sales · 2 closed | ••• | CBRE Limited+1 more | 4 Aug 2016 |
| 2180672 Ontario Inc.Ontario | Closed | Asset salethe Assets | —1 of 4 sales · 3 closed | Sealed | — | 18 Jul 2016 |
| 7098961 Canada Inc (formerly Beyond The Rack Enterprises Inc.)Quebec | Closed | Asset salesubstantially all the operating assets of the Debtor | 9721444 Canada Inc. | — | — | 15 Jun 2016 |
| 2267 Industrial Street, Burlington, OntarioOntario | Closed | Real property2267 Industrial Street, Burlington, Ontario (the "Property") | Bilnia Investments Limited1 of 2 sales · 2 closed | Sealed | DTZ Canada Inc. | 3 May 2016 |
| Beaverton Lumber Inc.Ontario | Closed | Real propertythe Premises | — | ••• | — | 26 Feb 2016 |
| Cover Industries Inc.Quebec | Closed | Asset salePetitioner's assets described in the Asset Purchase Agreement (Exhibit R-1) (the "Purchased Assets") | Novatech Group Inc.1 of 3 sales · 2 closed | ••• | Deloitte Restructuring Inc. | 22 Jan 2016 |
| 1749049 Alberta LtdAlberta | Closed | Asset salethe physical assets of Vendors ... All contracts, goodwill, etc. | MCW Hemisphere Ltd. | ••• | — | 14 Jan 2016 |
| Rogers Oil & Gas IncAlberta | Closed | Asset salethe Oil and Gas Interests including the associated mineral rights, surface leases, pipelines and a blending facility | —1 of 3 sales · 1 closed | ••• | Ernst & Young Inc. | 15 Dec 2015 |
| Sherson Group IncOntario | Closed | Asset salethe rights and obligations of Sherson under certain agreements | Nine West Canada LP | Sealed | — | 7 Dec 2015 |
| Newtek Automotive Inc./Newtek Automotive Midwest, Inc.Ontario | Closedper the transactions | Auctionthe Company's machinery, equipment and inventory | —1 of 3 sales · 2 closed | — | Hilco Asset Sales Canada Corp. | 8 Sep 2015 |
| Canadian Industrial Distributors Inc.Ontario | Closed | Asset salethe Purchased Assets (as defined in the APA) | CID Bissett Fasteners Limited and Lance Bissett Limited | — | BDO Canada LLP/BDO Canada Limited | 14 Jul 2015 |
| Cash Store Financial Services LtdOntario | Closed | Asset salethe Purchased Assets as defined in the Asset Purchase Agreement | National Money Mart Company1 of 3 sales · 3 closed | Sealed | Rothschild Inc.+1 more | 19 May 2015 |
| DiFelice Nina & ItaloOntario | Closed | Real property5925 Yonge | Carmela Battista1 of 6 sales · 3 closed | ••• | Colliers | 20 Apr 2015 |
| Cantar Pool Products Limited/Produits de Piscines Cantar LimiteeOntario | Closed | Asset salecertain "Assets" as defined in an asset purchase agreement | Northern Lights Recreation Co.1 of 7 sales · 7 closed | ••• | Prowis Inc. | 24 Jan 2013 |
| Elaborate Homes Ltd. and Elaborate Developments IncAlberta | Closed | Asset salefour Kenworth trucks which were subject to lease contracts between GWT and Developments | Great West Truck Lease and Rentals Ltd.1 of 3 sales · 1 closed | ••• | — | 16 Dec 2011 |
| EnerNorth Industries Inc.Ontario | Closed | Asset salethe majority of the Companies' P&NG assets | Deep Creek Oil & Gas Inc.1 of 6 sales · 5 closed | ••• | Q5+2 more | 14 Jan 2011 |
| BA Energy Inc et al.Alberta | Closed | Asset salethe sale of the Equipment | Value Creation Inc.1 of 8 sales · 2 closed | ••• | Asset Brokers+2 more | 15 Apr 2010 |
| Eaux Vives Harricana Inc. and EVH U.S.A. Inc.Quebec | Closed | Asset saleEVH's assets | Quebec Waters, Inc.1 of 2 sales · 1 closed | ••• | Scotia Capital Inc.+1 more | 15 Dec 2005 |
What a process looks likeBenchmarks
Measured across the recordThe funnel, median
77 → 16 → 3
parties solicited → NDAs signed → bids received, over 410 processes that stated all three
Approval to closing
15 days
median, over 316 transactions that state both dates
Did not complete
9%
247 of 2,875 transactions ended without a sale
Price disclosed
21%
24% sealed by order; the rest simply never stated
Who runs these salesWho runs them
Named in the filings- Colliers48
- CBRE Limited40
- McDougall Auctioneers Ltd.28
- Avison Young27
- Ernst & Young Inc.22
- Deloitte Restructuring Inc.20
- FTI Consulting Canada Inc.18
- Grant Thornton Limited17
- Ritchie Bros. Auctioneers17
- MNP Ltd.16
- Ernst & Young Orenda Corporate Finance Inc.15
- Cushman & Wakefield14
Mandates in matters still open, counted once per sale however many filings name the firm. 514 advisors appear in the record; these are the 12 with the most.